November has been another buzzing month in terms of IPO action. 5 IPOs that were searched most on the Google, as per the data from Google Trends include Waree Energies followed by Deepak Builders and Engineers. That apart search trends also indicated queries for Niva Bupa and Sagiloty IPOs. Here’s a list of IPOs below that were searched the most so far this month.
Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO was opened on November 7, 2024, and was listed on November 14, 2024. The IPO got a total 1.90 times of subscriptions with retail investors getting the most with 2.88 times among all other categories. Niva Bupa shares fell 6.24% from their listing price, dropping to a low of Rs 73.60 on the BSE. The decline erased the initial gains for investors after the shares were listed with a 6% premium over the upper price band of Rs 74. The shares were listed at Rs 78.5 on the BSE, a 6.1% premium over the issue price, and at Rs 78.1 on the NSE, slightly above expectations.
Sagility India IPO
Sagility India listed its shares on the exchanges on November 12 at a premium and was opened on November 5, 2024. The IPO received a total of 3.20 times of subscriptions. On the NSE, the shares opened at Rs 31.06, marking a 3.53 per cent premium over the offer price of Rs 30. The shares also debuted at Rs 31.06 on the BSE, reflecting the same 3.53 per cent premium over the IPO price.
Waaree Energies IPO
Waaree Energies IPO saw a 79.44 times subscription. The qualified institutional investors were the most subscribed category with 215.03 times of subscription. Waaree Energies IPO is a book-built issue worth Rs 4,321.44 crores. The company is soon going to announce its quarterly results after the IPO listing.
Afcons Infrastructure IPO
Afcons Infrastructure IPO opened on October 25, 2024 and was listed on November 4, 2024. The company received a total of 2.77 times of subscription, in which the non-institutional buyers category saw the highest among all with 5.31 times of subscription. Afcons Infrastructure stocks jumped 8.4 per cent to Rs 461.7 on the NSE, following a subdued debut on the exchange. Meanwhile, the stock debuted 7% lower at Rs 430 on BSE.
Deepak Builders and Engineers IPO
Deepak Builders and Engineers is Delhi-based construction company that specializes in building hospitals, and administrative, institutional and industrial buildings that opened last month on October 21, 2024, witnessed a total of 41.54 times of subscriptions and was fully subscribed on its first day. The most subscribed category of the IPO was the Non-Institutional buyers which saw 82.47 times of subscription. It listed at Rs 200 on the NSE and Rs 198.5 on the BSE
